Global Business Week: The fastest growing economies in 2024

The state of Financial markets & Economies, Weekly Charts, Business Trends & Statistics

Stocks staged a robust rebound on Friday, recovering the ground lost in the previous session as Treasury yields stabilized. This rally occurred a day after Federal Reserve Chairman Jerome Powell's remarks dampened market sentiment, suggesting that higher interest rates might still be necessary to curb inflation. However, investors swiftly reentered the market, reinstating the belief that U.S. rates had peaked, reigniting the rally in risky assets that had persisted for eight consecutive sessions until Thursday.